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0 Nec Spencer Hwy & Blvd Deer Park, TX 77536

OFF-MARKET Neighborhood centers Google Maps
14,600 SF
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 14,600 square foot retail strip center, located at the northeast corner of Spencer Highway and East Boulevard in Deer Park, Texas, presents a compelling investment opportunity. Situated on a generous 7.84-acre lot, the property boasts a prime location within a thriving commercial area, ensuring high visibility and accessibility. Currently, the center has 1,300 square feet of vacant space available, offering immediate potential for increased revenue generation. The property's multiple tenancy structure provides diversification and stability, making it an attractive option for investors seeking a strong return on investment. The property is classified as a retail strip center and is located in Harris County, Texas, with a zip code of 77536. Its strategic location at a major intersection ensures significant foot and vehicle traffic, maximizing exposure for tenants. The existing tenants benefit from a robust customer base drawn to the convenient location and ample parking. The 1,300 square feet of vacant space presents an opportunity to lease to complementary businesses, further enhancing the center's overall value and profitability. This property offers a rare combination of size, location, and potential, making it an ideal addition to any investment portfolio. The substantial lot size also allows for future expansion or redevelopment possibilities, providing additional long-term growth potential. This is a turnkey investment ready for immediate income generation and future appreciation.

Property profile

Verified
Property type Neighborhood centers
Total area 14,600 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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